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Ukraine: Negotiations with IMF as Last Exit
Politics ♦
Published: August 6, 2013; 21:35 ♦ (Vindobona)
Seeking for an IMF loan is the last remaining alternative for the financially stricken country.
Ukraine: Negotiations with IMF as Last Exit / Picture: © Vindobona.org
Due to its problematic fiscal situation, Ukraine has enormous funding requirements. In order to fill its budget hole, the country needs about $ 15bn. After a budget deficit of 7.7% in 2012, the deficit will not go down below 6.0% of GDP before 2015, economists say.
Above all, revenues are substantially below the government´s expectations. In the…
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